The reverse is also true though. I am not going to work for you unless you pay me more for my time than it is otherwise worth.

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vintermann 3 days ago | parent [-]

That's still a "Want something more than money" or rather a "Want money more than something" trade, the one I've called type 1. Not a trade money for more money, type 2. It does nothing to counteract the problem of accelerating accumulation.

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crostlybostly 3 days ago | parent [-]

But if a billionaire pays you $100k and makes $110k in revenue the inequality went down, right?

Their wealth went up by 10k and yours went up by 100k.

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vintermann 3 days ago | parent [-]

Sure, but now ask: who gave you that $110k, and why? There are two reasons people may give you money (not counting charity)...

	▲	crostlybostly 3 days ago \| parent [-]
		I dunno, just seems like an okay system to me. We both get richer, I press some buttons on a keyboard then get paid and go hang out with my family. I am sure it could be better, but there is no organization I trust any more than corporations these days. USG is untrustworthy. Religious institutions untrustworthy. Academic institutions are untrustworthy. A typical American likely believes in anti-vax, MAGA, Religion, or other conspiracy, so its not like you can trust the broad population. So yeah being able to work for the corporate overlords looks pretty appealing.